Modelling / Forecasting Senior Analyst (Quants)

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Analytics, Insights, & Artificial Intelligence

Pay Details: 81,600 - 115,200 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Department Description: TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing, hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision-making models.

Job Description:

The successful candidate will be a member of the TBSM MV group covering both quantitative and qualitative models designed for TBSM Liquidity Risk Management (LRM) in Canada and U.S. jurisdictions. The position reports to Senior Manager, Advanced Analytics – Liquidity Risk Management Model Validation.

Detailed accountabilities include:

• Conduct independent validation of a variety of Treasury models including, Liquidity Risk Management (LRM) models, IRRBB aggregation models, and Customer Behavior forecast Models for ALM (FTP pricing, IRRBB) and Stress Testing (i.e., DFAST / EWST / MST).

• Develop and execute a comprehensive validation testing plan to validate different models, according to the enterprise model validation procedures.

  • Review 1st line assessment of the measurement choices / definition and liquidity assumptions or business assumptions / decisions adopted by model and Business Requirement Document (BRD) for model implementation to assess the consistency between BRD and approved approach.
  • Assess soundness of statistical / mathematic algorithm and choices of modelling approaches through literature review and evaluate the reasonability of the assumptions to be consistent the nature of the business to ensure the model methodology aligning with industry best practice.
  • Assess the data quality and input control / governance process to ensure the acceptance of the model inputs.
  • Conduct validation testing by incorporating comprehensive test cases to assess model implementation accuracy from data enrichment process to the final model outputs and model performance
  • Assess the adequacy of model governance and control
  • Develop a comprehensive issue log for questions / limitations identified during the validation process and effectively communicate with various stakeholders from 1st line with issue severity for appropriate resolution during the validation process.
  • Draft high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.

• Maintain / develop professional knowledge of techniques and developments in the quantitative analysis in LRM and liquidity risk management and share knowledge with business partners and senior management.

• Support developing standards and procedures for vetting and validation that are compliant with Bank's internal model risk policy, adhere to industry best practices, and meet regulatory requirements.

• Support senior management to prepare responses to requests from both Canadian and U.S. regulators, internal and external audit in their review / audit of risk models and vetting / validation process and procedures.

• Work effectively with internal model development group, audit, and other internal partners to ensure risk models meet required Bank standards.

• Become a domain expert to provide structural feedback to the business / 1st line to different stakeholders to achieve in time validation work.

Job Requirements:

• Advanced quantitative skills with post-secondary degree in one or more of the following areas: Statistics, Economics / Econometrics, Mathematics, Finance, Financial Engineering, and Financial Risk Management.

• CFA / FRM charter holder or candidate preferred. Qualification data risk management or operational risk management field is an asset.

• Experience developing AI agent workflows to increase productivity.

• 1 ~ 2 work experience in model development or model validation in financial intuition.

• Work experience in business system analytics roles or in either developing or validating large banking treasury reporting system is an asset.

• Work experience in risk management is an asset.

• Strong technical knowledge and proficiency in programing languages, such as Python, SQL, SAS, and VBA. Familiarity with JSON and Scala is an asset.

• Hands-on experience in developing and implementing statistical forecasting models (e.g., time-series model).

• Solid knowledge in financial products / portfolios regarding cash flow patterns, key factors impacting cash flows, and their pricing / valuation approach. Knowledge in financial / regulatory reporting in liquidity risk management is a plus.

• Familiarity with data pipeline process, banking data infrastructure, and data control & governance is an asset.

• Strong writing skills, especially technical writing, as well as excellent verbal communication skills are must-haves.

• Inquisitive nature and ability to ask the right questions and escalate issues; and risk & Control mindset with good business acumen is an asset.

• Strong analytical and problem-solving skills. High attention to details.

• Good time management and multitasking skills with minimal supervision.

Who We Are: TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information: We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only): Sans Objet